Updated May 13 2022
Overview | |
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Binance is a global cryptocurrency exchange founded in 2017 in China with the aim of providing the ultimate trading solution. Currently, they offer more than 700+ cryptocurrencies, derivatives (such as Vanilla options, futures, staking), a Launchpad platform for ICOs and many more services such as several trading platforms with different complexity levels. |
Eightcap is an Australian MT4 & 5 CFD broker founded in 2009 that specialises in currency, commodities, indices, stocks and cryptocurrency trading. |
Best For | |
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Licenses | |
![]() Financial Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 1 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | 1 Day |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
Only to increase withdrawal limits:
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2017 | 2009 |
💳 Minimum Deposit | |
0 | $100 |
💰 Payment Methods | |
💵 Account Base Currencies | |
All supported cryptocurrencies. | 7 - AUD, CAD, EUR, GBP, NZD, SGD, USD. |
🗽 Available to U.S Citizens | |
Yes (excluding few states) | No |
❌ Restricted Countries | |
None | US, CA, SY, IR, CY. |
📊 STP Account | |
No | No |
📊 DMA Account | |
No | No |
📊 ECN Account | |
No | No | Assets |
📚 Available Assets | |
📙 Stocks | |
N/A | 600+ |
📘 Currency Pairs | |
N/A | 45 |
📗 Commodities | |
N/A | 5 |
📕 Indices | |
N/A | 15 |
📔 ETFs | |
N/A | N/A |
💸 Cryptocurrencies | |
700+ | 250+ |
📒 Bonds | |
N/A | N/A |
📓 Options | |
N/A | N/A |
📗 Futures | |
N/A | N/A |
📝 Notes: | |
Binance specialises in real cryptocurrencies and tokenised derivatives based on their own cryptocurrency offering. |
All of Eightcap’s assets are CFDs. |
Trading Experience |
📈 Minimum Stock Trade Size | |
N/A | $1,000 (0.01 Lots) |
📉 Minimum ETFs Trade Size | |
N/A | N/A |
📈 Minimum Crypto Trade Size | |
$10 | $1,000 (0.01 Lots) |
📉 Minimum FX Trade Size | |
N/A | $1,000 (0.01 Lots) |
📈 Minimum Commodities Trade Size | |
N/A | $1,000 (0.01 Lots) |
📉 Minimum Bonds Trade Size | |
N/A | N/A |
📈 Minimum Futures Trade Size | |
N/A | N/A |
📉 Minimum Options Trade Size | |
N/A | N/A |
💪 Retail Leverage | |
Up to 1:20 | Up to 1:30 |
💪 Professional Leverage | |
N/A | Up to 1:500 |
✍ Customisable Leverage | |
N/A | Yes |
🎲 Deleveraged Trading | |
Yes | No |
🎓 Demo Account | |
No | Yes |
📱 IOS App | |
Yes | No |
📱 Android App | |
Yes | No |
📺 MetaTrader 4 | |
No | Yes |
📺 MetaTrader 5 | |
No | Yes |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | No |
💻 Proprietary Platform | |
Yes | No |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
No | Yes | Fees |
💰 Inactivity Fee | |
No | No |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
Binance charges a fixed 0.1% trade value fee for spot trades. |
Depending on account type:
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Spreads |
📈 EUR/USD | |
N/A | From 0 to 1 Pip |
📉 SP500 | |
N/A | From 40 Pips |
📈 GOLD | |
N/A | From 21 Pips |
📉 TSLA (Stock CFD) | |
N/A | N/A |
📈 XLK (ETF - CFD) | |
N/A | N/A |
📉 BTC | |
Dynamic - From $1 | Dynamic - From $16 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
No | No |
📜 Integrated Newsfeed | |
No | No |
📡 Reuters Feed | |
No | No |